What was the size of the global hotels & motels market by value in 2015?

What will be the size of the global hotels & motels market in 2020?

What factors are affecting the strength of competition in the global hotels & motels market?

How has the market performed over the last five years?

What are the main segments that make up the global hotels & motels market?

Key Highlights

The hotels & motels industry value consists of all room revenues generated by hotels, motels and other accommodation providers through the provision of accommodation.

The value does not include non-room revenues, such as casinos, shops and telecommunication services. The industry is segmented according to the origin of the revenues (leisure consumers and business consumers). Market volumes are classed as the number of hotels in a country or region. Any currency conversions included within this report have been calculated using constant 2015 annual average exchange rates.

The global hotels & motels industry had total revenues of $719.1bn in 2015, representing a compound annual growth rate (CAGR) of 6.8% between 2011 and 2015.

Industry consumption volume increased with a CAGR of 1.5% between 2011-2015, to reach a total of 343,843 establishments in 2015.

While the mature industries in the Western countries have been stagnating, the Asian tourists have boosted the industries across the world.